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Please note that all rates are calculated for the 2004/05 financial year.

Taxation Rates for Individual Residents*

Taxable income

Tax on this income

$

$

* The above rates do not include the Medicare levy of 1.5%.

Rates of Property Stamp Duty

Value

Rate

$

$

For more information on Tasmanian Duty Rates visit the Department of Treasury & Finance.

Think twice before dropping the price

If you are considering dropping the price in order to gain a greater market share you need to consider the impact of this on your overall profitability. The following table demonstrates the impact of such a decision.

If your present margin is and you reduce your price by

to produce the same profit your sales volume must increase by

 

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